I choose to ignore serious but unlikely events like that in my planning. A nuclear exchange or grey goo scenario is going to ruin my retirement plans no matter if I keep my investments in cash or in stocks. I'll have bigger problems than if I can sell my investments or not.
This is actually quite interesting. I used to work in a bookstore and as a productivity measure we would shelve books mostly without checking which section they belonged in. Turns out it is pretty easy to tell based only on the cover.
It's hard to argue against a Stan Rogers reference on the internet. This is a great time to be a fan of exploration. The raising of the Maud, the discovery of the Terror and Erebus. I never thought I'd be alive for such momentous events.
Maybe now I can get access to my account. I forgot my password and tried to jump through their hoops to reaccess my account. They involved calling the support department during business hours. It was the holiday season, so I just gave up.
Accounting standards have pretty strict requirements when it comes to intangible assets. There is a whole list of criteria that development costs need to meet to be capitalized, and that is for actual products. The problem with lobbying as an asset would be valuation: its impossible to actually measure the fair value of it. As well, it probably would not meet the definition of an asset at all since economic benefits are not probable.
I'm younger than you and I own two TVs. I just don't subscribe to a cable package. I used to watch everything on my desktop, but now I usually find my couch is comfier.
Revenue deferral is a very strange term. What basically happened is Microsoft claims Windows 10 is free and gives it away to everyone, hence the non-GAAP income. However, under GAAP, they are not actually giving Windows 10 away for free. Instead, they book revenue from Windows 10 but because they aren't charging for it, they must expense it as a promotional activity. What part of this is a revenue deferral? Nowhere, really, except that revenue which should have been booked is not (because it's free).
Microsoft obviously does not want to do this since it drops their earnings by a significant amount, but I'm sure their auditors gave them shit for it. Their auditors probably also made them book impairment charges on things they didn't feel were impaired.
Revenue and income mean different things. Revenue specifically means sales (sorta) and income is generally after cost of goods sold and other operating expenses. These matter, though. A company can have high revenue and low profit, or vice versa. If you want to see their net income, you can look at their financial statements on SEDAR's website, or on Google or Yahoo finance.
The article is definitely poorly worded, but the words themselves are not the problem.
I don't think he will necessary go down as the worst leader, but his name is going to be tarred with being the prime minister who started the dissolution of the United Kingdom.
Accounting is actually very different today than it was ten years ago. The rise of spreadsheets has made things possible that wouldn't have been when manual calculation was necessary. What is unfortunate are that estimates are required in many cases, but it is just the way it is. For example, how can you know for certain what the present value of the cost of decommissioning a nuclear power plant in fifty years? These estimates are already included in the notes of the financial statements, which in many ways are more important than the actual financial statements.
But as to your Coca-Cola example, internally generated brands are not included on the balance sheet as assets. "Coca-Cola" isn't considered an asset to the company because of how difficult it is to value it.
Pretty much, yeah. Managerial 101 builds on introductory financial reporting. The biggest difference between them are the intended users. While financial accounting is all about accurately stating your financial position for tax authorities, capital markets, banks, and other potential users, managerial accounting is internal. It's for managers and decision makers to give them the most accurate information possible. Because of this, there is no consistent standard used in managerial accounting like there is in financial accounting (GAAP or IFRS), but its largely similar I believe between different companies.
Every time I read an article about Target, the only people who come out looking good in the end is the Hudson's Bay Company. While I loved Zellers and shopped there on a regular basis, it was worth more for its locations than the actual business. I worked at Zellers briefly in the years leading up to its eventual dismantlement and the question on everyone's mind was really "what is going to happen to all of these stores?" HBC made out like a bandit by seducing Target into buying them in one fell swoop.
No, they can. It is the same as if they took a loan out. They received x dollars in cash and now owe someone x dollars, except in merchandise. That x dollars is theirs and isn't tied to anyone, because cash is cash, but the loan is redeemable on demand. They just can't record that as revenue until the gift card is actually used.
Not to discredit what you are saying or how amazing the success of human ingenuity has been, FDR might not have had polio. Modern research seems to imply that he actually had Guillian-Barre Syndrome. The Roosevelt family wouldn't let them exhume his body, so we probably will never know. Either way, there was no cure in FDR's life and his treatment would largely have been the same. Just food for thought!
I wouldn't see it as altruism either, but I think you discount the fact that the Allies did not want a third war with Germany. There were factions within the American government that wanted to turn Germany into a deindustrialized field, but instead they built Germany up into a strong ally. It was more than to just counter the Soviets: They removed the German threat for good.
It isn't banning posting videos of flying drones, it means that if you make money off posting a video of flying a drone, it means you are operating a drone commercially, which is not allowed. It has nothing to do with speech, it is about unlawfully flying.
In Canada, you are required to report all income, whether from employment, business or from property, but in practice for small amounts it is sometimes left out. For example, interest on deposits in bank accounts is taxable, but the bank won't send you a form unless you made over $50 in interest that year, so you don't have to claim that dollar you made.